SEBI headquarters in Mumbai. (Image: Mohammed Uzair/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Securities and Exchange Board of India has extended the timeline for rolling out its framework aimed at ensuring safer participation of retail investors in algorithmic trading, giving stock brokers an additional time to align their systems. The framework, initially set to take effect from Aug. 1, was first pushed to Oct. 1.

However, SEBI noted that many brokers still need additional time to update their systems in line with recent clarifications and modifications issued by exchanges. As per the revised schedule, brokers ready with the necessary systems may go live from Oct. 1.

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